The Indian stock market is expected to open in the red as trends on the SGX Nifty indicate a negative opening for the broader index in India with a loss of 76 points.
Today, Q3 results of Asian Paints, Bajaj Finserv, Biocon, Hindustan Unilever, Persistent Systems and Shoppers Stop will be announced, hence, these stocks are likely to remain in focus.
That apart, Bajaj Auto and M&M will also be on the radar, after the former reported a dismal set of Q3 numbers, wherein Q3FY22 net dropped 22 per cent on a YoY basis; while the latter is likely to earn extra revenue in the range of Rs 140-150 crore on signing a 5-year deal with Hero Electric.
On Wednesday, the 30-share benchmark index ended at 60098.82 down by -656.04 points or by -1.08 % and then NSE Nifty was at 17938.4 down by -174.65 points or by -0.96 %.
On the global front, Wall Street's main indices ended sharply lower on Wednesday, with the tech-heavy Nasdaq confirming it was in a correction, after a diverse set of corporate earnings and as investors continued to worry about higher US Treasury yields and the Federal Reserve tightening monetary policy.
The Nasdaq ended down 10.7 percent from its November 19 closing record high, as stocks sold off into the market close. A correction is confirmed when an index closes 10 percent or more below its record closing level.
The Dow Jones Industrial Average fell 339.82 points, or 0.96 percent, to 35,028.65, the S&P 500 lost 44.35 points, or 0.97 percent, to 4,532.76 and the Nasdaq Composite dropped 166.64 points, or 1.15 percent, to 14,340.26.
Markets in Asia-Pacific were mixed on Thursday as China cut its key lending rates. Wall Street fell with the Nasdaq closing in the correction territory and the US yields retreating from their recent gains. Japan’s Nikkei 225 pared earlier gains, edging up 0.1 percent, while the Topix was up 0.3 percent.
Back home, Top traded Volumes on NSE Nifty – Oil And Natural Gas Corporation Ltd. 36648534.00, Tata Motors Ltd. 21799071.00, NTPC Ltd. 21136414.00, ICICI Bank Ltd. 16416144.00, State Bank of India 16079457.00,
On NSE, total number of shares traded was 30.21 Crore and total turnover stood at Rs. 67398.58 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 397034 with a total turnover of Rs. 36685.32 Crore. Along with this total number of contracts traded in stock futures were 1095982 with a total turnover of Rs. 85948.06 Crore. Total numbers of contracts for index options were 109010752 with a total turnover of Rs. 10181648.14 Crore. and total numbers of contracts for stock options were 3865188 with a total turnover of Rs. 314975.42 Crore.
The FIIs on 19/01/2022 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 6236.09 Crore and gross debt purchased stood at Rs. 692.95 Crore, while the gross equity sold stood at Rs. 6832.78 Crore and gross debt sold stood at Rs. 318.91 Crore. Therefore, the net investment of equity and debt reported were Rs. -596.69 Crore and Rs. 374.04